My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
01-24-1990 Council Agenda
>
City Council Packets
>
1990-1999
>
1990
>
01-24-1990 Council Agenda
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/10/2013 2:32:45 PM
Creation date
7/10/2013 2:30:51 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
108
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
9. Amend legislation to allow4counties to charge TIF districts <br />created before May 1, 1988 for administrative costs. This <br />action would allow counties to be reimbursed for their time <br />and expenses related to the creation and administration of <br />TIF districts. <br />10. Amend legislation to allow new County debt service levies to <br />be applied to all captured value in the same manner as the <br />1988 Omnibus Tax Act provided for school district referendum <br />and debt levies. <br />11. Modify definition of an economic development district to <br />include only manufacturing and industrial activity. This <br />will shift the focus of economic development TIF activity <br />away from retail activity and towards activity that tends to <br />pay higher wages. <br />12. Eliminate economic development as a eligible use for TIF. <br />This would allow market forces to operate and eliminate TIF <br />as a primary incentive for development. <br />13. Develop a more restricted definition of blight criteria used <br />for TIF redevelopment districts. A more restricted <br />definition would ensure that truly blighted areas are <br />redeveloped and that blight criteria is uniformly applied. <br />14. Every parcel in a redevelopment district should be evaluated <br />in accordance with the blight criteria. This will have the <br />same implications as #13. <br />15. Develop a more stringent definition of the "but for" <br />determination. A more stringent "but for" definition could <br />take into consideration other development occurring without <br />the use of TIF. In this case the determination would <br />continue to be made by the municipality or authority. <br />16. Develop more stringent definition of the "but for" <br />determination and require third -party review of the "but for" <br />test. The third -party review would be conducted by a party <br />outside of the municipality or authority and provide <br />objectivity in the process. <br />17. Amend TIF legislation to exclude5county, school districts and <br />miscellaneous taxing authorities tax bases from the TIF <br />formulas. Municipalities and TIF authorities would be <br />permitted to capture tax increments realized from the <br />increase in the municipal tax base only. <br />4.The legislature gave counties the authority to charge TIF <br />districts for administrative costs for districts created <br />after May 1, 1988. <br />5.Examples of miscellaneous taxing authorities include the <br />watershed districts and the Metropolitan Mosquito Control <br />District. <br />Page 94 <br />
The URL can be used to link to this page
Your browser does not support the video tag.